I
want to take a few moments to focus on what I believe is the most overlooked,
under-reported aspect of the Republican tax cut plan: its direct impact
on women and families.

For starters:
The Republicans want a $500 per child tax credit for working
families with children. Under our present tax code, parents in working
families, especially working mothers, have less and less time to spend
raising their children. In fact, government figures show that the average
working mother spends more time working to pay her taxes
than she spends with her child each week. As a working mother, I can tell
you, that is very, very tough. It's stressful and it's painful. A Republican
Administration will give families the tax relief that they were promised
in 1992, but never received. Well, you know the old saying, "better late
than never." That extra $500 each year for each child under age 18
will be actual dollars not paid in income tax and will remain in
the checking accounts of the parents so that they can decide how to spend
it.

Now let's take
a look at how the Republican tax cut plan will impact single-working
women. Did you know that there are over 25 million single working
women in America? That's a lot of independent and self supporting people.
And each and every one of them is overtaxed. But those days will soon
come to an end. Under the Republican 15% tax cut, a single
woman with no children earning $30,000 in annual salary, will
save over $500 in income each year. A single mother with two
children will save one thousand five hundred and nineteen. I asked
a young, single woman I know what she would do with the extra money she
would save under the Republican 15% tax cut plan. Without
even having to think about it, she said she would do four things: 1]
she would take a trip home to see her family in Seattle, 2] she would
move into a safer neighborhood, 3] she would put some money away
in savings, and 4] she would quit her second job. That's a pretty
important list of improvements she would be able to make to her life.
I suspect that every woman in America could think of a few things she
would do with a little extra money.

The Republican
15% percent tax cut is simple, it's fair, and it will apply to every
single woman, regardless of income. More single women will be able to
save and invest for their future in a way that they choose. And
for those women, more take-home pay and more savings does not just
mean a more secure retirement - it also means more money for education,
or medical emergencies, or the purchase of a home. I can't think of a
better way to empower the hardworking, American woman.

And let's take
a look at how small business will be affected by the Republican plan:
Today, by the way, more people are employed by women-owned small
businesses than by all the Fortune 500 companies in the world. But when
you think of small businesses -- you usually don't think of women. You
should. Today, 6.4 million women own small business in America and, women
are starting new businesses at twice the rate of men. In fact,
it is anticipated that in the 21st Century, women will own half
of all the small businesses in America.

So
what are these women owned businesses looking for? Exactly what
all of America's small businesses want and need. Growth and prosperity,
less regulation, lower payroll taxes, sensible laws, and health insurance
deductibility for the self-employed. That's a tall order, but we can
get it done. Just look at what the Republicans will do for small business
men and women:

we
will increase the estate tax exemption for businesses so that
family owned businesses can stay in the family.

we
will cut the Capital Gains tax rate by 50%, which will help
small business owners and also free up new capital that
can be invested in new and growing small businesses

we
will restore a meaningful home office tax deduction to provide relief
to the growing number of home-based small businesses,
and

we
will increase to 100% the tax deduction for health insurance
costs for self-employed small businesses.

In fact, when
we have a Republican administration - as well as a Republican Congress
- small business owners can expect sustained economic growth, more jobs
and better wages...sounds a bit like the American Dream? Well, that is
part of the American Dream.

Working mothers...
women small business owners... and single working women. The bottom line
is: women and families will simply do better in a Republican Administration.

The Republican
Party is committed to moving America forward - without leaving
anyone, especially women, and children behind. At every opportunity,
Republicans will be talking about their plan that will let you
keep more of your hard earned dollars in order to spend, save,
and invest them as you see fit. That's why we've proposed
the 15% across the board tax reduction, and a $500 per child
tax credit for lower and middle income families. Our economic package
will reinvigorate the economy, and it will provide more jobs and more
opportunities. Think about it, more opportunities for our children.
More opportunities for our parents. More opportunities for women.

So
I ask you, what impact will the Republican tax cut plan have on women
and families? Here's what it will do: it will put the American Dream within
reach of each and every one of us.

Sources: Speech
was mailed to Gifts of Speech from Congresswoman Dunn's office by her Press
Secretary Robert S. Nichols.